Nut,My understanding of the takeover rules if they start buying...

Nut,

My understanding of the takeover rules if they start buying over the $0.28 that becomes the new offer price?

Clearly it is in there advantage to keep the price @ or under $0.28.

This has become a hostile takeover and we should receive the offer document any day.

I would not be surprised if some shareholders who have a average of say $0.14 or below would accept the $0.28 offer. (Not bad doubling you money in say18 Mths in a cash strapped company.)

I personal think they would make a mistake but unfortunately many may even sell half.
It?s all a game now.

Please DYOR.